NOT LISTED FOR SALE

518 N Miami Place Gary, IN 46403

Miller Neighborhood

Estimated Value: $53,000 - $57,000

5 Beds
2 Baths
2,178 Sq Ft
$25/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $50,000 $23 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $350/month

Highlights

  • No HOA
  • Neighborhood Views
  • 2 Car Garage

About This Home

As of July 2024

**Investor's Dream: Blank Canvas Near Miller Beach**Welcome to an exceptional opportunity for investors and visionaries in the prestigious Miller Beach area of Indiana. This two-story, five-bedroom, two-bath home is just minutes from the beach, offering a prime location for those seeking a project with immense potential.**Property Features:**- 5 bedrooms, 2 baths- Prime two-story layout- Unbeatable proximity to Miller Beach- Endless potential for renovation or reconstructionRequiring a FULL GUT REHAB to restore it to its glory, this home is ready to be transformed into a stunning lakefront property. With potential after-renovation values reaching as high as $300,000+, the possibilities are as vast as the lakes proximity. This property offers a prestigious address with access to the area's renowned amenities and natural beauty.Don't let this great opportunity pass you by!

Last Agent to Sell the Property

Ashley Tarver

@properties/Christie's Intl RE License #RB22001263 Listed on: 07/01/2024

@properties/Christie's Intl RE

Last Buyer's Agent

Jana Caudill

eXp Realty, LLC License #RB14024542

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 8,407 Sq Ft Lot
  • Lot Dimensions are 60 x 140

Parking

  • 2 Car Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Gary Beach 02 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45-05-32-329-010.000-004

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1948
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Other
  • Reso View: Neighborhood
  • Co List Office Mls Id: NRA2041
  • Subdivision Name: Gary Beach 02
  • Above Grade Finished Sq Ft: 2178
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Reso Property Condition: Fixer
  • AuctionYN: No
  • AboveGradeUnfinishedArea: 2178.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Interior Amenities: None
  • Flooring: Other
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Other
  • Acres: 0.193

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway

Utilities

  • Sewer: Unknown
  • Cooling: None
  • Heating: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 60 x 140
  • Lot Size Sq Ft: 8407
  • Parcel #: 45-05-32-329-010.000-004

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Jul 10, 2024
Sold by
Cckm Management Llc
Bought by
Narajczyk Marcin
Seller's Agent
Ashley Tarver
@properties/Christie's Intl RE
Buyer's Agent
Jana Caudill
eXp Realty, LLC
List Price
$50,000
Sold Price
$50,000
Views
8
Current Estimated Value
$54,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,051
Avg. Annual Appreciation
7.18%

Purchase Details

Listed on
Mar 22, 2021
Closed on
Aug 3, 2021
Sold by
Hidden Beach Design Build Group Llc
Bought by
Cckm Management Llc
Seller's Agent
William Godwin
Godwin Realty Company
Buyer's Agent
William Godwin
Godwin Realty Company
List Price
$50,000
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$148,250
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2021
Sold by
Innovative Properties Limited
Bought by
Hidden Beach Design Build Group Llc

Purchase Details

Closed on
Sep 23, 2016
Sold by
Bonds Paronica M
Bought by
Innovative Properties Ltd

Purchase Details

Closed on
Apr 14, 2010
Sold by
Federal National Mortgage Association
Bought by
Bonds Paronica M

Purchase Details

Closed on
Jun 5, 2009
Sold by
Obanner Antonio D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 25, 2007
Sold by
Tartareanu Adrian
Bought by
Obanner Antonio D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 22, 2006
Sold by
Red Brick Investment Properties Llc
Bought by
Tartareanu Adrian

Purchase Details

Closed on
Jun 7, 2006
Sold by
Kehl Jeffery
Bought by
Red Brick Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,430
Interest Rate
6.72%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Narajczyk Marcin -- None Listed On Document
Cckm Management Llc $50,000 Fidelity National Title
Hidden Beach Design Build Group Llc -- Mtc
Innovative Properties Ltd $500 None Available
Bonds Paronica M -- Statewide Title Company Inc
Federal National Mortgage Association $125,006 None Available
Obanner Antonio D -- Northwest In Title Svcs Inc
Tartareanu Adrian -- Northwest In Title Svcs Inc
Red Brick Investment Properties Llc -- Northwest In Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cckm Management Llc $148,250
Previous Owner Obanner Antonio D $130,000
Previous Owner Tartareanu Adrian $50,000
Previous Owner Red Brick Investment Properties Llc $50,430
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $50,000 0.0% $23 / Sq Ft
07/09/2024 07/09/24 For Sale $50,000 0.0% $23 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
08/04/2021 08/04/21 Sold $50,000 0.0% $23 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $50,000 -- $23 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,727 $39,300 $36,000 $3,300
2023 $1,524 $76,300 $34,900 $41,400
2022 $1,524 $59,500 $18,800 $40,700
2021 $2,567 $100,200 $18,800 $81,400
2020 $2,531 $98,800 $18,800 $80,000
2019 $1,988 $96,400 $17,900 $78,500
2018 $665 $25,400 $17,900 $7,500
2017 $605 $25,200 $17,600 $7,600
2016 $604 $25,500 $17,600 $7,900
2014 $2,251 $96,200 $17,900 $78,300
2013 $2,070 $92,100 $17,900 $74,200
Source: Public Records

Agents Affiliated with this Home

  • Ashley Tarver

    Seller's Agent in 2024

    Ashley Tarver

    @ Properties

    (219) 628-5568

    4 in this area

    76 Total Sales

    Section Image
  • Jana Caudill

    Buyer's Agent in 2024

    Jana Caudill

    eXp Realty, LLC

    (219) 661-1256

    6 in this area

    833 Total Sales

    Section Image
  • Amanda Love

    Buyer Co-Listing Agent in 2024

    Amanda Love

    White Hat Realty Group, LLC

    (219) 713-5136

    2 in this area

    55 Total Sales

    Section Image
  • William Godwin

    Seller's Agent in 2021

    William Godwin

    Godwin Realty Company

    (219) 916-5507

    30 in this area

    79 Total Sales

    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 806533

Northwest Indiana Association of REALTORS®

APN: 45-05-32-329-010.000-004

Indiana Lake County Gary 46403 Miller

518 N Miami Place, Gary, IN

This home is located at 518 N Miami Place, Gary, IN 46403 since 01 July 2024 and is currently estimated at $55,197, approximately $25 per square foot. This property was built in 1948. 518 N Miami Place is a home located in Lake County with nearby schools including Banneker Elementary at Marquette, Gary Middle School, and West Side Leadership Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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